A draft bankruptcy plan is in the works for the city of Stockton and its bond creditors and other insurers.
North America
Atlas Ventures vouches AngelList to spur Boston startup seed funding marketplace
In an Upstart Business Journal report, Atlas Venture partner Jeff Fagnan endorsed startup investing network AngelList to Boston companies to increase venture capital investments in the area.
Data storage startup Box nears IPO dream
Online storage startup Box Inc co-founder Aaron Levie told an audience at a BoxWorks conference in San Francisco that the company's path towards an initial public offering would be the most natural thing to do.
Facebook should form a corporate venture group - report
Noticing the number of Facebook employees leaving the social media company, a Techcrunch report suggested that forming a new venture capital group would make sense to curtail the employee attrition.
Capital shortfall in banks over USD155 billion, 60% of them in Europe - report
A Reuters report said banks would need to increase their capital by USD155 billion or EUR115 billion in order to comply with the global Basel III accord.
Latest News
Industry watchers did not look too kindly on BlackBerry's move to focus on its enterprise customers.
BlackBerry CEO Thorsten Heins had declared his disappointment as to last quarter's results. BlackBerry CEO Thorsten Heins intimated he was 'very disappointed' with the results from the last quarter as the sales of the company's smartphones plunged, most especially in the Americas.
A source told Reuters that US Federal Reserve Vice Chair Janet Yellen was still the top choice to succeed Chairman Ben Bernanke in January.
Analysts and industry executives gave their take on the USD 4.7 billion buyout offer for BlackBerry on Reuters Instant View.
NCUA files case against Morgan Stanley and 8 others for selling USD 2.4 billion in faulty securities
A US regulator filed a case against Morgan Stanley and eight other lenders for selling faulty securities to two credit unions.
Compared to JPMorgan Chase, Citigroup's legal costs would easily reach USD5 billion. The next US bank primed for legal and regulatory scrutiny would be Citigroup Inc.
State officials who would be managing "Obamacare's" healthcare insurance said they are confident that they would still be able to access funds in the event of a government shutdown.
Leucadia National Corp bought USD 158 million worth of Harbinger Group Inc shares from Philip Falcone's hedge funds.
Swiftype, a software company that assists clients to integrate search engines in their company sites, raised another USD7.5 million in its recent funding round.
